ProPetro Holding Corp. (PUMP) Gets Upgraded by Barclays Post Q1

2 days ago 3

Noor Ul Ain Rehman

Thu, May 14, 2026 astatine 11:50 AM CDT 2 min read

ProPetro Holding Corp. (NYSE:PUMP) is 1 of the champion tiny headdress stocks to bargain for 10x potential. On May 7, Barclays upgraded ProPetro Holding Corp. (NYSE:PUMP) to Overweight from Equal Weight. The standing update came aft the institution reported its fiscal Q1 2026 fiscal results, with full gross coming up to $271 cardinal for the quarter, down 7% arsenic compared to $290 cardinal for the erstwhile quarter. Net nonaccomplishment was $4 cardinal ($0.03 nonaccomplishment per diluted share) arsenic compared to a nett income of $1 cardinal successful the anterior 4th ($0.01 income per diluted share).

The institution further reported adjusted EBITDA of $36 million, which was 13% of gross and decreased 29% arsenic compared to the erstwhile quarter. Capital expenditures paid were $43 million, portion superior expenditures incurred were $85 million.

ProPetro Holding Corp. (NYSE:PUMP) besides announced that it entered into a strategical model statement with Caterpillar Inc., securing entree to up to 2.1 further gigawatts of powerfulness procreation capableness implicit the adjacent 5 years. The statement bolsters semipermanent proviso visibility portion supporting PROPWR’s continued growth, with the institution present positioned to person astir 2.6 gigawatts of powerfulness procreation capableness delivered by year-end 2031.

ProPetro Holding Corp. (NYSE:PUMP) is an oilfield services institution that provides hydraulic fracturing and different complementary services. Its operations are divided into the pursuing segments: Hydraulic Fracturing, Wireline, Cementing, and Power Generation.

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